Design and Implementation of Pay for Performance

38 Pages Posted: 12 Feb 2012

See all articles by Michael Gibbs

Michael Gibbs

University of Chicago Booth School of Business; Institute for the Study of Labor (IZA)

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Abstract

A large, mature and robust economic literature on pay for performance now exists, which provides a useful framework for thinking about pay for performance systems. I use the lessons of the literature to discuss how to design and implement pay for performance in practice.

Keywords: incentives, pay for performance, performance measurement, subjective evaluation

JEL Classification: M52, J33, M12, L81

Suggested Citation

Gibbs, Michael, Design and Implementation of Pay for Performance. IZA Discussion Paper No. 6322. Available at SSRN: https://ssrn.com/abstract=2003655

Michael Gibbs (Contact Author)

University of Chicago Booth School of Business ( email )

5807 S. Woodlawn Avenue
Chicago, IL 60637
United States

Institute for the Study of Labor (IZA)

P.O. Box 7240
Bonn, D-53072
Germany

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